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Indian Energy Exchange Soars 18.6% in May
3 Jun
Summary
- Monthly electricity traded volume reached 12,983 million units.
- Day-Ahead Market volume grew 25% year-on-year.
- Peak power demand hit an all-time high of 270.82 GW.
In May, the Indian Energy Exchange (IEX) experienced a substantial 18.6% year-on-year rise in its monthly electricity traded volume, achieving 12,983 million units. The Day-Ahead Market (DAM) was a key driver, with its traded volume increasing by 25% over the previous year.
The Real-Time Market (RTM) also contributed positively, posting a 15.9% year-on-year growth. Concurrently, India's total energy consumption climbed by 11.5% to 164.98 BUs. A significant development during May was the unprecedented surge in peak power demand, which reached an all-time high of 270.82 GW.
Amidst robust demand, the average clearing price in the DAM rose to Rs. 4.88 per unit, an 18.3% increase year-on-year. The RTM's average price was Rs. 4.16 per unit, up 21.2%. The IEX Green Market segments recorded a 13% year-on-year increase in volume.
However, trading in Renewable Energy Certificates (RECs) saw a sharp decline of 65% year-on-year. In market performance, IEX's stock closed 1.46% lower on Wednesday.
